Legacy CG LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,407 shares of the software giant’s stock after acquiring an additional 56 shares during the period. Microsoft accounts for 2.2% of Legacy CG LLC’s portfolio, making the stock its 16th largest holding. Legacy CG LLC’s holdings in Microsoft were worth $6,630,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. WFA Asset Management Corp grew its position in shares of Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in Microsoft by 1.6% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 161,421 shares of the software giant’s stock worth $72,147,000 after purchasing an additional 2,564 shares during the period. Quantum Financial Advisors LLC grew its holdings in Microsoft by 0.5% during the 2nd quarter. Quantum Financial Advisors LLC now owns 13,555 shares of the software giant’s stock valued at $6,058,000 after buying an additional 70 shares in the last quarter. Diligent Investors LLC raised its position in shares of Microsoft by 0.3% during the second quarter. Diligent Investors LLC now owns 54,683 shares of the software giant’s stock valued at $24,441,000 after buying an additional 144 shares during the last quarter. Finally, FLC Capital Advisors lifted its holdings in shares of Microsoft by 0.7% in the second quarter. FLC Capital Advisors now owns 20,305 shares of the software giant’s stock worth $9,075,000 after buying an additional 143 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.
Insider Activity at Microsoft
In related news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the sale, the executive vice president now owns 117,294 shares in the company, valued at $48,911,598. This trade represents a 17.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the sale, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at $23,850,961.92. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock worth $17,383,892 in the last 90 days. 0.03% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
View Our Latest Stock Report on MSFT
Microsoft Price Performance
Microsoft stock opened at $423.35 on Monday. The firm has a 50-day moving average price of $428.62 and a 200-day moving average price of $428.08. The firm has a market capitalization of $3.15 trillion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 12-month low of $366.50 and a 12-month high of $468.35.
Microsoft (NASDAQ:MSFT – Get Free Report) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.20. The firm had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business’s revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the business earned $2.99 EPS. As a group, equities research analysts forecast that Microsoft Co. will post 12.93 EPS for the current year.
Microsoft announced that its Board of Directors has authorized a share repurchase plan on Monday, September 16th that authorizes the company to buyback $60.00 billion in shares. This buyback authorization authorizes the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
Microsoft Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.78%. Microsoft’s payout ratio is 27.39%.
Microsoft Profile
Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.
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